Search Results for: capital goods

investment tax credit

A tax credit intended to stimulate business investment in capital goods by allowing a percentage of the purchase price as a credit against the taxpayer’s income taxes. • The Tax Reform Act of 1986 generally repealed this credit retroactively for most property placed in service after January 1, 1986. — Abbr. ITC. [Cases: Internal Revenue

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investment

investment. 1. An expenditure to acquire property or assets to produce revenue; a capital outlay. [Cases: Contracts 193.] fixed-dollar investment. An investment whose value is the same when sold as it was when purchased. • Examples are bonds held to maturity, certain government securities, and savings accounts. fixed-income investment. An investment (including preferred stock) that

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reditus

reditus (red-[schwa]-t[schwa]s), n. [Latin “return”] A revenue or return; esp. rent. — Also spelled redditus. reditus albi (al-bI). [Latin “white return”] Rent payable in silver or other money. reditus capitales (kap-[schwa]-tay-leez). [Latin “capital return”] Chief rent paid by a freeholder to go quit of all other services. See QUIT RENT. reditus nigri (nig-rI). [Latin “black

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communism

communism. 1. A political doctrine, based on Marxism, advocating the abolition of capitalism by ground-roots revolution; specif., a social and political doctrine advocating the abolition of private ownership in favor of common ownership of the means of production and the goods produced, each person contributing as able and receiving as needed. Cf. CAPITALISM. 2. Totalitarian

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european union

European Union. An association of European nations whose purpose is to achieve full economic unity (and eventual political union) by agreeing to eliminate barriers to the free movement of capital, goods, and labor among the member-nations. • The European Union was formed as the European Economic Community (EEC) by the Treaty of Rome in 1957,

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